The Bank of Canada has announced for the third consecutive time that it will maintain the benchmark interest rate unchanged. However, if the economy worsens, it may still lower interest rates.

Wisdom Financial APP learned that the Bank of Canada announced on Wednesday that it would maintain the benchmark interest rate at 2.75%, marking the third consecutive meeting of standing still. This move is in line with the widespread expectations of the market and economists. The central bank emphasized in its statement that despite the uncertainty brought about by the US tariffs, if the economy further weakens and inflation pressures are under control, it may still cut interest rates further.